Restaurant Exodus Has Food Giants Rushing to Stock Supermarkets
- U.S. meat packers and dairy firms focus on consumer products
- Many states order restaurants to close dine-in services
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America’s top food companies are rushing to meet a spike in demand as panic buying sets in at supermarkets, with consumers preparing to stay at home -- and eat in -- in ways they’ve never done before.
With coronavirus cases mounting across the nation, meat packers including Tyson Foods Inc. and milk makers such as Dairy Farmers of America are changing the way they produce to supply consumers instead of restaurants. The shift comes as several states shutter dine-in services, depriving food companies of a clientele that in many cases accounts for more than half of their business.